Gold price soars amid global bank market fears

Credit Suisse buyout has not fully calmed markets so the haven rose above $2,000 an ounce for the first time in a year

Bullion surged 6.5% last week in its biggest advance since early on in the pandemic. Stock picture

Gold slipped after earlier rising above $2,000 an ounce for the first time in a year as a deal to buy Credit Suisse Group failed to fully ease fears over the global banking sector.

The haven earlier rose as much as 1% despite regulators worldwide rushing to shore up market confidence over the weekend.